Nov 3, 2012: Indian Govt has cleared around 12 FDI proposals in retail sector worth Rs 706.66 crore. These proposals include UK’s footwear chain Pavers England, America’s clothing retailer Brooks Brothers and Larsen & Toubro for foreign equity in group company in defence. In the mean time Foreign Investment Promotion Board has deferred 19 proposals and rejected 5.
New FDI proposals for Rs 707 crore cleared
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